First Rule of Bloomberg LP: You Do Not Talk About Bloomberg

Michael Bloomberg just announced that he’s returning as CEO of Bloomberg LP, the company he founded, and the New York Times reports that he’s already “displeased a number of Bloomberg’s journalists.” Surprisingly, the issue isn’t the former mayor’s belief that bathroom breaks are for the weak. They’re upset that Bloomberg let the Times break the news about his new job, as company policy dictates that “Bloomberg News doesn’t originate stories about the company” or report on the “wealth or personal life” of its founder. Matthew Winkler, the editor-in-chief of Bloomberg News, explained that while most media companies report on themselves, it’s “an inherent conflict of interest and no outlet does it well.” Presumably, if any other Bloomberg LP employees want to compare their founder to God, they’re welcome to issue a pressrelease.